Kepler Communications receives $3.8 million to mass-produce nanosatellites
Published: April 6, 2021
Kepler Communications, a satellite telecommunications startup that originated at the University of Toronto, has received $3.8 million in interest-free repayable funding from the federal government, .
The funding from the Federal Economic Development Agency for Southern Ontario (FedDev Ontario) will enable Kepler to 鈥渟et up an advanced nanosatellite manufacturing facility, making it the first Canadian company to mass-produce nanosatellites,鈥 the Star reported.
It鈥檚 part of a total investment of $14.6 million to support the long-term growth of six technology companies based in Toronto and is expected to create 128 skilled jobs, .
The announcement came days after following the launch of two new satellites, bringing its total number of satellites in orbit to 15.
The company鈥檚 origins can be traced to the University of Toronto Aerospace Team, a not-for-profit initiative launched by CEO Mina Mitry during his graduate studies in aerospace engineering at U of T. That鈥檚 where Mitry met fellow co-founders Jeffrey Osborne, Mark Michael and Wen Cheng Chong.
In a statement, Mitry said the FedDev backing would help the company achieve its aggressive goals.
鈥淜epler is creating a new generation of satellites, produced at a scale not previously seen in Canada or elsewhere,鈥 Mitry said. 鈥淭o achieve this, we have built out a new facility, developed new production processes, and are creating new high-value jobs in Toronto. The Kepler team doubled in 2020 and will double again in 2021.鈥
Topics
